News analysis

Mortgage boycotts end nascent recovery in China's property market

The Royal Peak residential development by Evergrande in Beijing. PHOTO: BLOOMBERG
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BEIJING - Mortgage strikes across China in July squashed a fragile two-month recovery in the embattled property sector, as home sales and prices fell again last month.

Concerns over whether developers can deliver homes on schedule have deepened in China, as buyers point to stalled construction at worksites across the country as reason not to pay banks.

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